S. Korea's average daily FX turnover last year highest since 2008: BOK
- 5 years ago
작년 하루평균 외환거래 역대최대
Last year, South Korea's daily foreign exchange turnover reached the highest level in a decade... mainly because of strong exports and imports.
According to the nation's central bank, the daily average of foreign exchange turnover in domestic and foreign banks in South Korea marked around 55-point-5 billion U.S. dollars.
That's up more than 4-point-8 billion dollars from the previous year.
Breaking it down by type of transaction, the trading volume of foreign exchange spots increased by 8-point-9 percent.
The central bank attributed the rise to the record amount of exports and imports as well as a spike in foreigners' investment in local bonds.
Last year, South Korea's daily foreign exchange turnover reached the highest level in a decade... mainly because of strong exports and imports.
According to the nation's central bank, the daily average of foreign exchange turnover in domestic and foreign banks in South Korea marked around 55-point-5 billion U.S. dollars.
That's up more than 4-point-8 billion dollars from the previous year.
Breaking it down by type of transaction, the trading volume of foreign exchange spots increased by 8-point-9 percent.
The central bank attributed the rise to the record amount of exports and imports as well as a spike in foreigners' investment in local bonds.